On the day they were freed from slavery, the fishermen hugged, high-fived and sprinted through a stinging rain to line up so they wouldn’t be left behind. But even as they learned they were going home, some wept at the thought of returning empty-handed and becoming one more mouth to …
your ad hereRussia Calls EU-Ukraine Pact ‘Exemplary’ Breach of WTO Rules
Russia has indicated a potential new legal salvo in its trade war with Ukraine and the European Union, telling the World Trade Organization that a trade deal between Kiev and Brussels breaks the rules by penalizing Russia. Minutes of a June 29 meeting of the WTO’s committee on regional trade …
your ad hereTrial Begins in Japan for CEO of Failed Bitcoin Exchange Mt. Gox
The former chief executive officer of the failed Bitcoin exchange Mt. Gox pleaded not guilty to charges that he stole hundreds of millions of dollars’ worth of the virtual currency. French-born Mark Karpeles appeared Tuesday in Tokyo District Court at the start of his trial on embezzlement and data manipulation …
your ad hereTrump to Nominate Quarles to Be Fed’s Top Banking Regulator
U.S. President Donald Trump plans to nominate former Treasury official Randal Quarles to be the Federal Reserve’s top banking regulator, the White House said on Monday. If confirmed by the Senate, Quarles would be the first vice chair of supervision at the Fed, a role created after the 2008 financial …
your ad hereUS Expected to Scrap Visa Program for Entrepreneurs
President Donald Trump’s administration is postponing and plans to drop a program to provide visas for foreign entrepreneurs who launch companies in the United States. The visa program, proposed last year by former President Barack Obama, was intended to give entrepreneurs who are not eligible for other types of visas …
your ad hereTanzania’s President Signs New Mining Bills into Law
Tanzanian President John Magufuli said on Monday he has signed into law new mining bills which require the government to own at least a 16 percent stake in mining projects. The laws, which also increase royalties tax on gold and other minerals, were passed by parliament last week despite opposition …
your ad hereMusk Tweets Pictures of First Model 3 to Roll Off the Line
Tesla Inc. Chief Executive Elon Musk on Sunday tweeted pictures of the first Model 3 sedan to roll off the assembly line. Tesla board member Ira Ehrenpreis was the first to put down a $1,000 deposit on the Model 3 and gifted the car to Musk for his 46th birthday, …
your ad hereFood Crises Getting Worse in Somalia, Kenya
Severe food crises are growing in Kenya and Somalia, as the Horn of Africa continues to receive below-normal rainfall, according to the Famine Early Warning Systems Network. The hunger-tracking group says 2.9 million people in Kenya and 3.2 million in Somalia are experiencing Phase 3 or higher on the network’s …
your ad hereChina’s Ambition, US Retreat on Show in Serbian Factory Town
A giant Chinese red flag flutters on a pole where an American flag used to fly at a steel mill in this dusty industrial Serbian town. The company logos of U.S. Steel are faded on the huge chimneys stacks, replaced by those of a Chinese company. When U.S. Steel sold …
your ad hereChina’s COSCO to Buy Orient Overseas for $6.3 Billion
China’s biggest shipping company, state-owned COSCO Shipping Holdings Co., is creating the world’s No. 3 container shipping giant by acquiring rival Orient Overseas (International) Ltd. Shares in both companies surged Monday following the announcement of the $6.3 billion deal. A wave of consolidation has created huge competitors in a global …
your ad hereRural Amazon Violence Rises Amid Bureaucracy Over Land Titles
For a farmer in Brazil’s Amazon, Manoel Freire Camurca was doing pretty well for himself until a local power broker burned down his house and took the surrounding fields he had poured his life into. Camurca’s eviction eight months ago happened as officials were finalizing his claim to 500 hectares …
your ad hereAt France’s Davos, French Bosses Laud Impact of New President
Top French company bosses who have for years lamented their country’s slow pace of reforms at an annual summer gathering in Provence offered glowing praise this year for the first steps taken by newly elected President Emmanuel Macron. Sixty days after Macron became France’s youngest ever president, the CEOs gathered …
your ad hereIn India, Drug Makers Try to Stay a Step Ahead of FDA
In 28 years in India’s pharmaceuticals sector, Rajiv Desai has never been busier. Most of the last six months on his desk calendar is marked green, indicating visits to the 12 plants of Lupin, India’s No. 2 drugmaker, where Desai is a senior quality control executive. Only one day is …
your ad hereCanada’s Desjardins Suspends Lending for Energy Pipelines
Canadian lender Desjardins is considering no longer funding energy pipelines, a spokesman said Saturday, citing concerns about the impact such projects may have on the environment. Desjardins, the largest association of credit unions in North America, Friday temporarily suspended lending for such projects and may make the decision permanent, spokesman …
your ad hereTrump Is Biggest Attraction at G-20 Summit
The G-20 summit of the world’s richest economies wrapped up Saturday against a backdrop of angry protests, and a pledge by leaders to fight protectionism in the face of U.S. President Donald Trump’s “America First” policy and Brexit. The U.S. leader took center stage at the two-day gathering, and his …
your ad hereUS, Russia on Collision Course Vying for Europe Gas Market
Visiting Poland this week, U.S. President Donald Trump pledged to boost exports of American liquefied natural gas (LNG) to Central Europe and take on Russia’s stranglehold on energy supplies. “America stands ready to help Poland and other European nations diversify their energy supplies so that you can never be held …
your ad hereUS, Russia on Collision Course in Competition for European Gas Market
Visiting Poland this week, US President Donald Trump pledged to boost exports of American liquefied natural gas (LNG) to Central Europe, challenging Russia’s dominance of the market. Many European countries accuse Moscow of using energy as a political tool. As Henry Ridgwell reports from Warsaw, analysts say the United States …
your ad hereUS Economy Adds 222,000 Jobs in June; Wages Remain Flat
Job creation in the U.S. appears to have picked up speed, with employers adding 222,000 jobs last month. But the unemployment rate ticked higher as more Americans resumed their job search. That’s probably a good thing, according to some economists who say the bigger challenge is how to speed up …
your ad hereArgentina Slaps Embattled Firm Odebrecht With 1-year Bid Ban
Argentina on Friday banned embattled Brazilian construction conglomerate Odebrecht from bidding on public works projects in the country for 12 months due to investigations of bribes the company paid here and elsewhere. The announcement published in the government’s official bulletin also cites corruption and money laundering cases in Brazil …
your ad hereSlavery Thriving on London’s Building Sites and in Restaurants, Says Police Chief
London is a hotspot of modern slavery, with workers in hotels, restaurants and on construction sites at particular risk of exploitation, said the head of the Metropolitan police’s anti-slavery unit. Modern slavery cases surged in the first half of this year to about 820 by the end of June, compared …
your ad hereUganda Public Workers Resist New Dress Code
No more mini-skirts and large earrings for female civil servants in Uganda. Male staff are now required to wear a jacket and tie. The Ugandan government instituted a new dress code for public workers this week, and it continues to anger some people. Women activists in Uganda have criticized the …
your ad hereUS Economy Gains 222,000 Job; Unemployment Rate Rises Slightly
The U.S. economy posted strong job growth in June, with a net gain of 222,000 jobs, while the unemployment rate rose slightly to hit 4.4 percent. Friday’s report from the Labor Department shows wages grew 2.5 percent in June from the same period a year earlier. That is just slightly …
your ad hereFrance Unveils New Measures to Lure Bankers from London
The French government on Friday pledged to remove some of the charges banks pay in France and make sure they are not overregulated compared to European peers as it launched an offensive to lure banking business displaced by Brexit. In a document due to be presented by Prime Minister Edouard …
your ad hereChina Says Jump in North Korea Trade Just a Blip
A jump in first-quarter trade between China and North Korea was “unexpected” and masks a declining trend, a state-run Chinese newspaper said Friday, after U.S. President Donald Trump denounced China’s trade with its isolated neighbor. Trade between China and North Korea grew almost 40 percent in the first quarter, Trump …
your ad hereInfosys Plans 2,000 New Tech Jobs in North Carolina by 2021
India-based Infosys, an information technology outsourcing firm, announced Thursday it will hire 2,000 workers over the next four years for a technology hub in North Carolina, the second of four planned hubs in the U.S. Infosys executives were joined by North Carolina Gov. Roy Cooper at a news conference …
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